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HONG KONG, China (AFP) — Asian equities mostly rose Wednesday but investors struggled to sustain any meaningful recovery after the previous day’s battering, with the shadow of a potentially damaging China-US trade war hanging over markets. Shanghai and Hong Kong took the brunt of the sell-off Tuesday after Beijing warned it would retaliate in kind to Donald Trump’s threat of tariffs on hundreds of billions of dollars worth of Chinese goods amounting to a large […]
HONG KONG, China (AFP) — Asian markets mostly fell Thursday after the Federal Reserve hiked interest rates and signaled a more hawkish tone for future moves, while US President Donald Trump stoked trade war fears by suggesting he will hit China with fresh tariffs. After a keenly watched meeting, the US central bank lifted borrowing costs, as expected, but indicated another two this year and four in 2019 as the world’s top economy continues to […]
HONG KONG, China (AFP) — Asian markets rose on Wednesday as investors look ahead to a Group of Seven summit, while reports that China-US trade talks were progressing well provided some support. The gains extend a broad rally across the region in recent days as optimism in the US economy, the world’s biggest, has helped temper geopolitical worries. The Nasdaq hit another record in New York even as the lead from US traders was generally […]
HONG KONG, China (AFP) — Asian markets rallied Tuesday after Chinese President Xi Jinping eased worries over a simmering US trade conflict by promising new measures to open his country’s massive economy “wider and wider”. In a closely watched speech at the Boao Forum — dubbed the Asian Davos — he pledged a “new phase of opening up”, adding that Beijing “does not seek a trade surplus” and wants to boost imports. After starting the […]
HONG KONG, China (AFP) — Asian markets surged Monday as investors tracked last week’s record-breaking end on Wall Street, where the three major indices all hit fresh highs. The rally comes during a strong earnings season, with major companies signalling higher profits in the wake of the tax cuts recently enacted in the United States. With more data from top companies including Alibaba and Google’s parent company Alphabet expected in the coming week, analysts say […]
HONG KONG, China (AFP) — Asian markets mostly rose Friday after another positive week across trading floors but investors’ desire for more buying was being tested by profit-taking and worries about a possible US government shutdown. Wall Street came off record highs to end lower as Washington lawmakers bicker over a federal funding deal, which must be passed by midnight on Friday US time. The House of Representatives passed a bill on Thursday but there […]
HONG KONG, China (AFP) — Most Asian markets edged up Wednesday and the dollar extended gains against its peers on expectations of further interest rate rises, while traders await the release of Donald Trump’s tax reform plan. While shares were broadly in positive territory, US-North Korea tensions continue to jangle nerves and keep investors from buying with any conviction. Hong Kong added 0.5 percent, while Shanghai edged up 0.1 percent and Singapore gained 0.8 percent. […]
HONGKONG, China (AFP) — Asian markets paused for breath Thursday after Wall Street smashed through 22,000 for the first time, with regional traders focused on fresh clues on the health of the United States economy. Strong Apple earnings propelled the Dow above the barrier to mark its sixth straight record close — but the tech-heavy Nasdaq closed marginally lower. Tokyo ended a two-day rally to sit 0.4 percent lower by the break, with several tech […]
HONG KONG, China (AFP) — Asian markets mostly rose on Friday following a sell-off the previous day, while the dollar and pound extended gains on growing expectations of a hike in United States and British interest rates. Equity traders have suffered a fraught week as the crisis engulfing Donald Trump picks up pace, technology firms tumbled from recent highs and energy plays were hammered by plunging oil prices. But they shifted back into buying mode in […]
TOKYO, Japan (AFP) — Stock markets in Japan and South Korea rose Monday morning as investors brushed off Pyongyang’s missile launch, and after record gains on overseas bourses. The short-range projectile flew for several minutes before landing in the Sea of Japan (East Sea) — the latest in a series of launches that have ratcheted up tensions over the North’s bid to develop weapons capable of hitting the United States. The political reaction in Asia […]
HONG KONG, China (AFP) — Asian markets fell Monday and the dollar struggled on fears the collapse of Donald Trump’s repeal of Obamacare could mean he will struggle to push through his promised tax-cut and infrastructure spending policies. In a severe early blow to the new administration, the healthcare reform was pulled Friday as it failed to garner enough support among Trump’s Republican party, who have a majority in both houses of Congress. While […]
by Danny McCord Agence France-Presse HONGKONG, China (AFP) — Asian markets kicked the week off with losses Monday, with Tokyo hit by a stronger yen, as the global Trump rally shows signs of fragility before a key speech by the new president to Congress. A record 11th successive all-time high close for New York’s Dow was not enough to inspire investors who are growing worried that the recent buying — fuelled by expectations Donald Trump […]
